Platinum price faced strong negative pressures, which forces it to provide negative corrective trading by reaching $2370.00, to rebound to settle above the minor bullish channel’s support at $2520.00.

 

The continuation of providing negative momentum by stochastic will increase the negative pressure, to expect forming corrective waves to press on $2430.00 support, where breaking it will open the way for resuming the corrective decline, and $2325.00 will form extra initial target for the bearish track, while renewing the bullish trend requires a new positive close above $2710.00. 

 

The expected trading range for today is between $2430.00 and $2560.00

 

Trend forecast: Bearish